Aditya Birla Capital Ltd.

Aditya Birla Capital Ltd. Q1 Results; Net Profit Fall 27%

Aditya Birla Capital Ltd. Q1 Results; Net Profit Fall 27%:

To begin with, Aditya Birla Capital Ltd. announced, its net profit of Rs. 198 Cr with a 27% loss on August 8th. While the company also posted its consolidated net profit of Rs. 270 Cr in the same quarter last year.

Besides, the company’s total revenue stood at Rs. 4,293.00 Cr with a 9% gain in this quarter ended on 30th June. The company also posted its revenue of Rs. 1,712.80 Cr in the same quarter last year.

Furthermore, the company on August 8th reported its Q1FY21 result. The company profit higher than Rs. 144 Cr in the preceding March quarter and it provided Rs. 62 Cr.

Moreover, the company reported its overall lending book stood at Rs. 58,073 Cr in this quarter.

Aditya Birla Capital Limited shares traded with a gain of 0.80 points reached 58.95 INR with 1.38% up. Its previous close at 58.15 INR. The company shares traded on the National Stock Exchange.

Stock Market Update: 

Stock Market August 7th: On Friday, both Sensex and Nifty seem to trade in a bullish trend in the stock market. The Sensex stood traded gain with 38,040.57 levels and Nifty stood traded gain with 11,214.05 levels. The Sensex raised 15.21 points with a 0.040% gain. Besides, Nifty has raised 13.90 points with a 0.12% gain.

On the other hand, the number of confirmed or coronavirus cases in India reached 20,86,864 as of August 8th, and deaths reached 42,578.

In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market yesterday. It raised 202.02 points with a 1.44% gain and reached a 14,218.87 level. The S&P BSE Smallcap index raised 106.46 points with a 0.78% gain and reached a 13,668.69 level. However, the Nifty Bank raised 111.40 points with a 0.51% gain and reached a 21,754.00 level.

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